Tower 1 Of Metropolis Los Angeles

Douglas Elliman Development Marketing, the exclusive sales and marketing agent for Metropolis Los Angeles, is pleased to announce that Tower 1 of the highly-anticipated, mixed-use project in Downtown Los Angeles is now over 50% in contract.

Residences at Tower 1, part of the first phase of the expansive Metropolis community and designed by Gensler, features the finest materials, top-of-the-line appliances, energy-efficient design, maximized light and space and cinematic views of the Downtown Skyline and beyond from every angle.

«Metropolis LA has garnered an unprecedented amount of interest from buyers in this market,» said Susan de França, President & CEO, Douglas Elliman Development Marketing. «The pace of sales and rate of absorption during phase one has surpassed expectations and validates the current high demand for new condominium product in Downtown Los Angeles.»

Once complete, the $1 billion dollar Metropolis community, which brings together all the elements of a life well-lived in one dynamic city block, will feature three residential towers and a high-rise hotel, all set above a carefully curated collection of high-end retail and fine dining establishments.

«We’re thrilled by the response from consumers and the incredible momentum in sales at Tower 1 at Metropolis thus far,» said Michael Altneu, Vice President of Marketing, Douglas Elliman Development Marketing. «We’ve achieved prices that are at a premium in the marketplace, supporting that buyers have recognized a rare opportunity to purchase a home in one of the finest lifestyle buildings and vibrant urban communities inDowntown Los Angeles.» Metropolis recently unveiled a brand new sales gallery and model residence, allowing consumers and brokers alike to experience the crafted finishes and overall sophistication of the homes.

The largest mixed-use development on the West Coast, Metropolis is being developed by Greenland US Holding, Inc., a subsidiary of Greenland Group, China’s largest diversified company. The Metropolis site is strategically located between three of Los Angeles’ key neighborhoods as it borders the Harbor Freeway and is situated between the Financial District to the north and the L.A. Live Hotel and Entertainment complex, including the Staples Center and the Los Angeles Convention Center, to the south.

«We’re so proud to be working with Greenland USA and an award-winning team to not only change the skyline of Los Angeles, but to be setting new benchmarks in the Los Angeles marketplace,» said Lapchih Fan, Director of Sales for Metropolis. Construction of phase 1 is expected to be complete in late 2016.